Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Underlying Class | Amount | Exercise Price | Ownership | Footnotes |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
transaction | HRTX | Employee Stock Option (Right to Buy) | Award | $0 | +3M | $0.00 | 3M | Apr 3, 2023 | Common Stock | 3M | $1.78 | Direct | F1 | |
transaction | HRTX | Restricted Stock Units | Award | $0 | +250K | $0.00 | 250K | Apr 3, 2023 | Common Stock | 250K | $0.00 | Direct | F2 | |
transaction | HRTX | Employee Performance Stock Option (Right to Buy) | Award | $0 | +4.25M | $0.00 | 4.25M | Apr 3, 2023 | Common Stock | 4.25M | $1.78 | Direct | F3 |
Id | Content |
---|---|
F1 | The stock option vests and becomes exercisable with respect to 750,000 shares on the first anniversary of the date of grant, followed by 2,250,000 shares vesting ratably each month over the subsequent three years, such that 3,000,000 options will be fully vested on the four-year anniversary of the date of grant, subject to the Reporting Person's continued service to the Issuer through the vesting date. |
F2 | The restricted stock units vest in four equal annual installments beginning one year after the date of grant, subject to the Reporting Person's continued service to the Issuer through the vesting date. |
F3 | The stock option vests and becomes exercisable with respect to escalating portions of the option grant upon the Issuer's stock price reaching certain pre-established levels ranging from $4.50 to $9.00 per share, subject to the Reporting Person's continued service to the Issuer through the vesting date. |